The interior design market is tied to the overall health of the economy. UAE is spearheading the interior design GCC market with an overall share of about 40%. Architecture and innovation are transforming the way people live and stay in Dubai. The UAE’s interior design market is driven by innovative architecture and interior design projects and the sustainability of the market.
The emirate announced the largest budget in 2019 which is going to fuel the demand in the market. Megaprojects such as expo 2021 and Burj 2020 set to rise over Jumeirah Lakes Towers are all leading to interior designing contracting services in the market. Index 2021 is a major exhibition taking place in Dubai that is expected to fuel the demand for interior design services in the market.
Digital solutions are expected to reduce the costs and making process flow more effective. New software designs such as BIM software have come into the market for enhanced function, proper documentation, and coordination between interior designers and MEP.
Key Market Trends
Commercial Space Interior Design Projects are Pacing in the Market
Building construction projects across GCC are expected to be completed and are expected to increase from USD 75 million to USD 78 Million in 2020. An increase in the commercial sector constructions and a rise in retail, education, and hospital projects are expected to demand interior projects in the market. The commercial hubs of the United Arab Emirates, Dubai, and Abu Dhabi have fast growth in real estate markets which will further increase interior design projects in the country. Office supply increase in Abu Dhabi and Dubai is expected to lead to design services in the market. Bright light open-plan workspaces have become normal now.
Residential Projects Dominates the United Arab Emirates Interior Design Market
Residential projects hold the largest share of interior design projects. An increase in residential construction and government initiatives has led to the development of the residential interiors market of UAE. An increase in overall residential spending and rising population growth is driving the market. To reduce the gap between upper and lower-income people the initiative of affordable housing is also going to drive the market.
The UAE Interior design market is fragmented with local and foreign players catering to growing residential and commercial projects in the market. Environmental response practices are hugely followed as sustainability has become a major issue. Major players in the market include Bishop LLC, Bond Interiors LLC, Al Tayer Stocks LLC, and Romeo Interiors.
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